Marine Insurance

History Of The SHINSUNG

We indemnify our customers against loss and damage during vessel operation through marine insurance.

Shipping companies are always exposed to dangers like collision, cargo accident, crew injury and/or damage to third parties during marine transportation and thereby, they should burden loss, damage and liability of compensation.

P&I Club

We entered in Steamship Mutual and the Standard which are members of the IG Club and we also entered in Korea P&I Club established by the Korean Government. Legal liabilities against 3rd parties are indemnified by these P&I Clubs.

Hull & Machinery

We entered hull insurance in foremost insurance companies and KSA (Korea Shipping Association), so that we can handle various accidents like sink, collision and/or general average. Hereby, we can operate company and vessels reliably despite the sudden risks.

Charterer’s Liability

We also entered in charterer's liability for spot chartered vessels. Any damage and/or loss to chartered vessels are indemnified as same as our owned vessels.

We manage various risks which occur during ocean transportation and carry customer's valuable cargoes securely.